🐋 Large holder activity raises short term risk for XRP

BTC continues to range, offering limited directional clarity in the short term.

This lack of momentum is weighing on the broader market, with altcoins continuing to underperform in the absence of a clear trend.

This week was notably marked by a significant XRP inflow to Binance, which remains the go-to exchange for large transactions thanks to its deep liquidity.

💥 More than 31 million XRP were transferred to the exchange in a single day yesterday.

These inflows were primarily driven by activity from the largest holder cohorts, with the following distribution :

🦐 <1k : 6,543

🦀 1k–10k : 73,630

🐟 10k–100k : 2,938,809

🐳 100k–1M : 14,236,825

🐋 > 1M : 14,494,865

👉 Altogether, this represents a sudden potential sell-side pressure of nearly $45 million that warrants close monitoring.

Should this selling pressure persist, XRP may struggle to recover from its ongoing correction in the near term.